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Rameda sees EGP 14m block trading deal

Rameda sees EGP 14m block trading deal
The transaction involved 3.57 million shares
Rameda
RMDA
3.36% 4.31 0.14

Cairo – Mubasher: The Egyptian Exchange (EGX) executed a block trading deal on the shares of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) at a value of EGP 13.89 million.

The transaction involved 3.57 million shares, the EGX said in a statement on Wednesday.

Over the course of 2019, Rameda’s net profits dropped to EGP 81.67 million from EGP 128.78 million in 2018, including minority shareholders’ rights.